BTC market analysis #BTC on August 17
I added a little more to my long position at 62,700~~
Today’s key is how the 4-hour chart closes. The main resistance above is around 63,500.
The main supports below are: 62,700 / 61,800 / 60,900.
From the 1-day chart, the market is still relatively weak, and this pullback hasn’t ended yet.
So: for intraday trading, you can do a rebound—when it reaches the target area, consider flipping to a short.
Personally, I’m still holding spot and not moving; I’ll look for opportunities to add longs.
In coin-based trading, I’ve been doing swings for a while—my core position is still there.
There are still 2.5 hours until the 4-hour close. If it holds steady around 63,200, the market may have a chance to continue pushing toward the 63,500–64,000 area for $BTC .
I added a little more to my long position at 62,700~~
Today’s key is how the 4-hour chart closes. The main resistance above is around 63,500.
The main supports below are: 62,700 / 61,800 / 60,900.
From the 1-day chart, the market is still relatively weak, and this pullback hasn’t ended yet.
So: for intraday trading, you can do a rebound—when it reaches the target area, consider flipping to a short.
Personally, I’m still holding spot and not moving; I’ll look for opportunities to add longs.
In coin-based trading, I’ve been doing swings for a while—my core position is still there.
There are still 2.5 hours until the 4-hour close. If it holds steady around 63,200, the market may have a chance to continue pushing toward the 63,500–64,000 area for $BTC .